**Exhibit 21.1**

 

# **Subsidiaries**

# ** **

| **Name**                                                              | ** ** | **Jurisdiction of Formation** |
|-----------------------------------------------------------------------|------------|-------------------------------|
|                                                                  |       |                          |
| NCO  Financial Systems, Inc.                                     |       | Pennsylvania                  |
| NCO  Funding, Inc.                                               |       | Delaware                      |
| NCO  Financial Services, Inc.                                    |       | Canada                        |
| FCA  Funding, Inc.                                               |       | Delaware                      |
| NCO  Portfolio Management, Inc. *                                |       | Delaware                      |
| NCOP  Capital Resource, LLC                                           |       | Nevada                        |
| Compass  International Services Corporation                           |       | Delaware                      |
| NCO  Europe, Ltd.                                                     |       | United  Kingdom               |
| NCO  Financial Systems of Puerto Rico, Inc.                      |       | Puerto  Rico                  |
| JDR  Holdings, Inc.                                              |       | Delaware                      |
| NCO  Holdings, Inc.                                              |       | Delaware                      |
| NCO  Support Services LLC                                             |       | Delaware                      |
| NCO  Group International, Inc.                                   |       | Delaware                      |
| NCO Financial Services (Antigua) Limited                              |       | Antigua                       |
| NCO Financial Services (Barbados) SRL                                 |       | Barbados                      |
| NCO  Customer Management, Inc.                                   |       | Pennsylvania                  |
| RMH  Teleservices Asia Pacific, Inc.                             |       | Delaware                      |
| NCO  Customer Management, Ltd.                                        |       | Canada                        |
| NCO  Philippines Clark, Inc.                                     |       | Philippines                   |
| NCOCRM  Funding, Inc.                                            |       | Delaware                      |
| Risk  Management Alternatives International Corp. Canada              |       | Canada                        |
| Horsham Aviation LLC                                                  |       | Delaware                      |
| AC  Financial Services, Inc.                                     |       | Delaware                      |
| AssetCare, Inc.                                                  |       | Georgia                       |
| NCO Australia Pty Ltd.                                                |       | Australia                     |
| Australian Receivables  Limited (75% owned by NCO  Australia Pty Ltd. |       | Australia                     |
| NCO Portfolio Management Pty Ltd                                      |       | Australia                     |
| Star Contact S de R.L.                                                |       | Republic  of Panama           |
| NCO  Star, SRL                                                        |       | Barbados                      |
| ALW  Financial, Inc.                                             |       | Delaware                      |
| Systems &  Services Technologies, Inc.                  |       | Delaware                      |
| Tempest  Recovery Services, Inc.                                 |       | Missouri                      |
| Credit  Receivables Corporation                                       |       | Delaware                      |
| Outsourcing  Solutions Inc.                                           |       | Delaware                      |
| OSI  SPE LLC                                                          |       | Delaware                      |
| OSI  Funding, LLC                                                     |       | Delaware                      |
| OSI  Portfolio Services, Inc.                                    |       | Delaware                      |
| Perimeter  Credit, LLC                                                |       | Delaware                      |
| Gulf  State Credit, LLC                                               |       | Delaware                      |

 

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| CRC  Investors LLC                                 |   | Delaware   |
|----------------------------------------------------|--------|------------|
| Portfolio  Acquisition, LLC                        |   | Delaware   |
| OSI  Outsourcing Services, Inc.               |   | Delaware   |
| Greystone  Business Group, LLC                     |   | Delaware   |
| Transworld  Systems Inc.                           |   | California |
| Coast  to Coast Consulting, LLC                    |   | Delaware   |
| PAE  Leasing, LLC                                  |   | Delaware   |
| Pacific  Software Consulting, LLC                  |   | Delaware   |
| University  Accounting Services, LLC               |   | Wisconsin  |
| Union  Settlement Administrator Holdco, Inc.  |   | Delaware   |
| Union  Settlement Administrator, Inc.         |   | Delaware   |
| Old  OSI LLC                                       |   | Delaware   |
| North  Shore Agency, Inc.                     |   | New  York  |
| North  Shore Agency Collection Corporation, Canada |   | Canada     |
| OSI  Support Services, Inc.                   |   | Wisconsin  |
| OSI  Collection Services, Inc.                |   | Delaware   |
| OSI  Education Services, Inc.                 |   | Wisconsin  |
| Jennifer  Loomis & Associates, Inc.  |   | Arizona    |
| Asset  Recovery & Management Corp.        |   | Wisconsin  |
| Qualink, Inc.                                 |   | Wisconsin  |
| Professional  Recoveries, Inc.                |   | Wisconsin  |
| Payco  American International Corp.                |   | Wisconsin  |
| OSI  Recovery Solutions, Inc.                 |   | Delaware   |
| OSI  Outsourcing Services International, Inc. |   | Wisconsin  |

 

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*Owns100 percent of 23 subsidiaries, 50 percent of 14 subsidiaries, 75 percent of twosubsidiaries and 72 percent of one subsidiary operating in the United Statesengaged in the ownership of delinquent receivables.

 

Note:  This table does not include any subsidiarythat is not required to be listed pursuant to Item 601 (b) of RegulationS-K.

 

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